‘Kisan Card’ launched by Axis bank to facilitate easy agriculture lending to farmers through ATMs.
Purpose: To facilitate easy agriculture lending to farmers through ATMs.
Electronic Kisan Card
- Will be offer to agrarian customers on their cash credit crop loan accounts.
- Helpful for them to reduce the interest burden as the interest payments start after withdrawal of the money.
- Provides queue free, 24×7 disbursement facility for farmers.
- Allows them to use their loan limit by withdrawing cash up to Rs 1 Lakh per day, in the required quantum, as and when required, thereby reducing their interest burden and negating the risk of carrying higher volumes of cash.